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Risk taking subdued post FOMC rally

Last week, besides the main event from the FOMC, many other central banks followed suit in posting dovish comments on the monetary outlook in light of the recovery in global growth taking longer time than anticipated. Markets are trading on back of the monetary events taking place and this creates a lot of noise for […]

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Dovish FOMC Triggers USD-weakness Across the Board

The Federal Reserve decided to keep the leading interest rates unchanged as expected, but communicated that they only see two additional rate hikes this year, whereas some market players had been speculating that a third would be justified. We were not of that belief and were bang on with our thoughts from yesterday that additional […]

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Sideways Trading Ahead of FOMC

Despite some surprises to the US Retail Sales and PPI, markets were more or less unchanged in yesterday’s trading session while awaiting the announcement of the interest rates and monetary outlook from the FOMC tonight. Oil traded lower as Iran expressed that they had no intention of capping oil production despite a relatively weak demand […]

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Monetary Policy in Focus – Will Markets Have Faith in Central Bankers?

ECB’s Draghi added more measures to stimulate the European economy than the market had expected, but since no additional rate cuts were signalled, the market bid the EUR higher testing 1.12+ against the US Dollar before closing the week at 1.1150. Global stocks continued to rebound and enjoyed their forth weekly gain in benchmark indices – […]